Hong Kong's new giants

Chapter 683 [Crowned World Ship King]

Times Shipping's acquisition of the Norwegian shipping giant, Bengesen Group, is progressing very smoothly. The two major shareholders of Bengesen Group are very satisfied with Times Shipping's asking price. After all, it is very ideal to be able to sell at this price in the cold winter of shipping.

On January 2000, 1, Mr. Lin Zuhui, chairman of the board of directors of Hong Kong Times Shipping Group, announced that Times Shipping had spent huge sums of money to acquire Norwegian Shipping's "boss" Bengesen Group. Ship King's world shipping record.

Morris, the president of Times Shipping, also revealed to reporters that this is currently the shipping company with the largest gross tonnage in the world, and the new ships ordered by Times Shipping are about 700 million tons, and they will be added one after another. Times Shipping has set a record The footsteps will not stop.

At the same time, some media revealed that the acquisition cost was 12.6 billion U.S. dollars, which once again refreshed the 1998 billion U.S. dollar "M&A of the century" created by Times Shipping in 10—purchasing the sea-land international liner business and related 18 terminals .In just two years, Times Shipping has spent US$29 billion on mergers and acquisitions, and another US$60 billion on ordering new ships, as well as the purchase of second-hand ships, logistics construction, etc., and has already spent a huge sum of more than US$100 billion.

All of a sudden, everyone was shocked!
The media all over the world have described Lin Zuhui as the new "World Ship King" deservedly, and in a new field - shipping once again achieved a dominant position.

The headquarters of Times Shipping is located in the 'Wah Chi Center' in Admiralty, Central.

Lin Zuhui convened the senior management of Times Shipping and held a core meeting.

According to the usual practice, he first listened to the work reports of the high-level people and formed a system in his mind. This was due to his IQ far surpassing that of ordinary people, which helped him to make great achievements in his career.

Times Shipping has three core businesses: sea/air freight, port/tugboat, and logistics/transportation. The three sectors complement each other and develop together.

But it is also common sense - with the birth of a new type of big chaebol, it is bound to have a huge impact on these old chaebols; and it is not that these old chaebols have never thought of suppressing the new chaebols, but Lin Zuhui's growth rate is too fast, and he has the media at the beginning. A sharp tool for communication and good network resources.

Times Shipping moved quickly. After acquiring the Bengesen Group, it immediately established a business department in the Mainland, which is responsible for competing for the transportation of oil, liquefied gas, and iron ore.

In the field of logistics and transportation, the gradual development of Times Shipping is not as radical as shipping and ports; however, this is only for Times Shipping itself, and for the entire logistics field, Times Shipping is developing at a very fast speed of.

Also, Lin Zuhui almost snatched control from the Pao family in Modern Container Terminals; of course, his purpose was nothing more than 'blackmail', so in the end he made a profit and let Modern Containers and Asia Containers join forces to fight International container.

When the news came out, it was reprinted and spread by the Hong Kong media one after another.

"It's not just a port issue. Our relationship in the mainland is enough to get involved in the oil and gas transportation and ore transportation in the mainland. You should take the initiative in this regard and report to me in time if you need me."

North America, Europe, Africa, Southeast Asia, Asia and other regions have already spread the ports of Times Shipping, and South America cannot be missed. After all, there are emerging and developing countries such as Brazil and Argentina.

For strong opponents, Global Shipping is helpless.To be honest, even if Global Shipping acquires Bengesen Group, Global Shipping will borrow heavily.

The main reason is that the charter king was allocated in those days. One son-in-law controls Wharf and Wheelock and real estate business (Wu Guangzhen), one son-in-law controls global shipping (Su Haiwen), one son-in-law controls family funds and investment (Zheng Weijian), and one son-in-law controls Japan Business (Shinichiro Watanabe)
Su Haiwen said solemnly: "Guangzheng, the purpose of Times Shipping's blitz to acquire Norway's Bengesen Group is obvious. It must be to get a share of the oil and gas transportation in the mainland. As a result, the situation of Global Shipping is not good. Are you Huaxia people, what do you think about this? How do you think global shipping should deal with the challenge?"

"By the way, BOSS, we also hope to win the second phase of Beilun Port in Ningbo, Mainland China."

Bao family.

In the earliest days of Beilun Port, the charter king proposed to build a deep-water port, and the first phase of the project was jointly built by Bao and the mainland; now that Times Shipping has just acquired Norway's Bengesen Group and turned to Beilun Port, it will inevitably make people feel Times Shipping is targeting global shipping.

This move not only puts pressure on Global Shipping, but also puts pressure on the official company "Hua Shipping" with the prefix "Hua".

Over the years, he has invested in many long-term projects, such as beverages and food, shipping, hotels, etc. In the early stage, he really only focused on investment and did not consider returns.What supports him to play like this is New Era Group's real estate and financial profits.

For these discussions, Lin Zuhui didn't take it seriously!

Su Haiwen was overshadowed, and could only say: "I am also planning to build a few ships in the mainland, hoping to get a share of the mainland's shipping business!"

"It's not a big problem, if you need me, you can report to me!"

In the past few years, Lin Zuhui has made two acquisitions of hundreds of billions of Hong Kong dollars, and there are even more acquisitions of tens of billions of Hong Kong dollars.

The key point is that after many countries open their ports to Times Shipping, they no longer plan to cooperate with Hong Kong-funded enterprises, lest they be controlled by capital in one place.

Su Haiwen, chairman of the board of directors of Global Shipping, and Wu Guangzhen, chairman of Wharf Group, got together. Although the four sons-in-law of the Bao family came from all over the world, even Japanese, they were quite united.

Wu Guangzhen said with a wry smile: "With Lin Zuhui's relationship in the mainland, Times Shipping is more competitive than Global Shipping. Especially in the past two years, Lin Zuhui has also supported the development of the shipbuilding industry in the mainland, and it is impossible for the mainland to refuse to hand over the shipping business to him. So , Haiwen, there is not much I can do to help you in this regard, it is all up to you. Although my father-in-law had a lot of connections in the mainland, it has already been exhausted, and you need to re-examine your relationship with the mainland."

In late January, the media once again reported that Times Shipping and Beilun Port in the Mainland were negotiating. Regarding the joint development of the second phase of Beilun Port, the joint venture company will invest RMB 1 billion to be responsible for the operation and management of three container berths in the second phase of Ningbo Beilun Port. .

"What about the progress of the ports in South America?" Lin Zuhui asked.

A thought flashed in Lin Zuhui's mind, he wanted to teach the descendants of the Bao family a severe lesson.

"Okay, we built ships worth 20 billion US dollars within two years in the mainland, which seems to be supporting the shipbuilding industry in the mainland; coupled with your relationship with the boss, it should be easy to win this port."

"Um"

The New Era Group has no shortage of followers. Stocks are the favorite investment of Hong Kong residents. The market value breaking through one trillion is the best proof.

From Europe to Southeast Asia, the Americas to Asia, Times Shipping has used its unrivaled momentum to successively win the management rights of many ports, which makes Hutchison Whampoa always have a feeling of chasing Times Shipping.

The three major oil companies in the mainland are customers of Global Shipping, but now they are at risk of switching to Times Shipping;
Although Hua Shipping is a government-owned enterprise, they also understand that the mainland must take care of Times Shipping. Not to mention the relationship between Lin Zuhui, the ship order worth 20 billion US dollars is a great favor.The 20 billion US dollars itself is a large amount of support for the shipbuilding industry. Coupled with the international influence behind it, it will have a profound impact on the entire Chinese shipbuilding industry.

Lin Zuhui nodded. His inland port branches are located in Guangdong Province, Magic City, and Mountain Province. Now he fills up Zhejiang Province, which is almost full; of course, he is not greedy, and he has too much competition with Li Chaoren, because he I know that the mainland also values ​​Li Chaoren very much.

However, for New Era Group, it is just a very ordinary expenditure.

"Beilun Port, I have long wanted to cooperate, but Lin Zuhui took the lead." He said to himself.

This kind of discussion is endless, and professionals think it is a bit 'reckless', but Lin Zuhui has many supporters, and they all think that 'everything must be reversed'. Mr. Lin Zuhui is buying bottom shipping at this time, which shows that shipping will explode in the next few years.

Some high-level executives wanted to stop talking. It is good that global shipping is a leader in the field of oil transportation, but in the past almost all of them were leased ships.The point is that the New Era Group is rich and powerful, and if it enters the field of oil transportation, it is bound to be menacing.

One port after another has joined the embrace of Times Shipping. Although some of them are not controlling acquisitions, it does not prevent Times Shipping from spreading its ports all over the world.

"Our global shipping is a leader in the oil field, with a history of more than 40 years, and we are not afraid of challenges!" Su Haiwen said confidently.

Then, Lin Zuhui listened to the business progress of logistics/transportation.

It turns out that Su Haiwen has long been eyeing the growing shipping business in the Mainland, but the sudden emergence of Times Shipping will deal a big blow to the global shipping with a capacity of 900 million tons.

The vice president in charge of the port/tugboat business, Hui reported: "We have completed the acquisition of a 30% interest in Malaysia's Klang West Port. The Klang West Port is located on a 520-hectare coastal land. It is a comprehensive port. The terminal facilities can handle dry and wet Bulk cargo and general cargo. Reached an agreement with the Philippine International Container Terminal Services Corporation (ICTSI) and its investors to acquire ICTSI International Holdings Corporation (IIHC), a subsidiary holding company of ICTSI responsible for overseas port development business”

All kinds of incidents come together, and Lin Zuhui's "suppression" of this family is all the time.

In fact, the expenditure of tens of billions of Hong Kong dollars is already a large number for global shipping.

Lin Zuhui attaches great importance to the development of logistics/transportation. With this business, Times Shipping can provide customers with one-stop services.Just like the "freedom of cherries" in the previous life, Times Shipping can purchase from New Zealand and then go to the logistics park in the Mainland to complete the service in one package, so that customers will naturally be more satisfied; there is also the field of red wine.
The logistics/transportation business is not cyclical like the shipping industry. The overall business is growing and stable. This is also what Maersk learned from the pain in 2016. It vigorously developed logistics/transportation and spent more than 20 billion US dollars to acquire the logistics business of Li & Fung Group. .

This restricted the development of Hutchison Whampoa.

"We are negotiating a port in Brazil, we will report to you as soon as there is any progress!"

Among them, the sea/air freight business includes not only the transportation of containers, oil, liquefied petroleum gas, ore, etc., but also ship leasing and management; as for the air freight business, there is no opportunity to enter it yet, but Lin Zuhui's idea is to wait for the 911 incident After the incident, large-scale entry into the aircraft leasing business, that is, the acquisition of leasing companies or the purchase of second-hand aircraft, order new aircraft and so on.

The disparity in strength made these old chaebols feel a lot of pressure, and they were a little helpless.

Morris immediately nodded and said, "Okay, BOSS!"

Many media bluntly stated that with the strong rise of Times Shipping, the global shipping established by the charter king will become very difficult; now, Times Shipping not only wants to grab the oil transportation business, but also wins the second phase of Beilun Port.

When the news reached Global Shipping, Su Haiwen, the chairman of the board of directors, could only sigh. He said to the senior executives around him: "Beilun Port is only second, and the most important thing is the attitude of Times Shipping. Now it seems that Global Shipping will usher in a strong opponent. The family business that my father-in-law passed on to me should be carried forward no matter what, you search for old-fashioned liquid and gas shipping companies that can be acquired around the world, so that the group's business can extend from oil to liquid and gas transportation."

When Wharf and Wheelock completed the reconstruction plans of "Times Square" and "Harbor City", they wanted to go further and become a large-scale development real estate developer (residential developer), but because of Wu Guangzhen's ambition, he always likes to engage in big projects (There is the shadow of Chartered Ship King); it turns out that New Times Group is also very interested in these big projects, so from Youyiju, Diamond Mountain Land King, and the former site of Shenjing Haishengli Brewery, New Times Group has repeatedly Beat Wharf and Wheelock to win these mega-projects and make a fortune before [-].

Li Chaoren frowned when he heard that Times Shipping had won Beilun Port.

Of course, after feeling the great ambitions of Times Shipping and Lin Zuhui, more people raised questions: "Lin Zuhui is spending tens of billions of dollars at this time, isn't it a big gamble?"

In a very short period of time, Lin Zuhui was on an equal footing with the veteran chaebol, and continued to quickly surpass him, which was unexpected by everyone.

Cheung Kong Industries.

A senior executive said: "Times Shipping has ordered new ships worth 60 billion US dollars within two years, including many oil ships. It seems that they not only want to transport natural gas, but also want to enter oil transportation in a large scale."

"Since Shengyu He Shengliang"

"Since the rise of Lin Zuhui, my career development has been restricted by many parties. From real estate, ports, to retail and telecommunications, businesses that should belong to me have been snatched away by Lin Zuhui."

At this moment, since the old and resolute Li Chaoren was a little stunned, fortunately, he finished his complaints quickly and continued to work as if nothing had happened.

In the end, he couldn't play Lin Zuhui better than anything else!

(End of this chapter)